finance
Australia Keeps Fuel Excise Cut in Place While Reviewing It After U.S.-Iran Ceasefire
Finance Minister Katy Gallagher said the temporary fuel excise cut remains in place while the government monitors oil prices following a preliminary U.S.-Iran ceasefire agreement.
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U.S. and Iran. Katy Gallagher stated the measure was introduced to ease pressure during the conflict.
She added that officials are tracking developments in the Middle East and petrol prices to determine whether any adjustment is needed. Gallagher said any future change would be communicated to the public. She noted that the conflict’s effects on prices and households are still unfolding.
The finance minister said the government would act in good time if conditions warrant a different approach.
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